The soil samples were processed by ALS Global in
Highlights
ELA 47/4422 includes priority prospects surrounding the
ELA 47/4422 was conditionally acquired in
Samples have been processed by ALS Global in
Results and interpretation to be incorporated into a wider review of the project and upcoming mapping and soil sampling program planned for the license area.
Chief Executive Officer,
'More detailed review of this recent data will be undertaken in conjunction with the ongoing historic data review, which will lead to next stage exploration work to be planned; but as a start, we are really pleased with the results and looking at the recent major discoveries in the area, we feel there is considerable potential to identify a new mineral discovery and are keen to progress this project on several fronts.'
The soil sampling program was carried out by the previous operator of the project area as part of a regional early stage exploration program. These samples were taken as conventional -2mm soil samples collected on average at 15cm depth & sieved onsite on a standard east west grid covering 3 different tenements at the time all being part of the same Joint Venture. Alien understand that these were taken in 2019 as part of a larger program but as part of the recent acquisition of the tenement area these were provided to the Company. Alien believe the samples had been stored securely in a dry location and were still in uncontaminated condition at the time of analysis. As the samples were provided in batch a total of 596 were received with 371 lying within the confines of ELA 47/4422 as it is currently defined. Standard and duplicate samples were used in the original batch at just over an average of 5% which is an acceptable amount. Results of these also appear within acceptable limits of QA/QC for the purposes of this program.
The main commodities assay for which reflect the mineralisation of the area returned ranges as per below with minimum to maximum values in ppb and ppm: Silver 5 - 118 ppb
Palladium 0 - 13 ppb
Platinum (PGE) 0 - 11 ppb
Copper 6 - 295 ppm
Zinc 10 - 218 ppm
The results delineate two clear new anomalous zones defined in the south western area associated with a structural feature with anomalous copper, PGE and Ni as well as anomalous feature around the Conquest prospect in the central western zone.
These early results are encouraging and add more prospects to the historically defined ones to develop in the near future.
Next Steps
The Company has commenced a process of obtaining all historical information relevant to the license area, including information publicly disclosed, to gain a better understanding of the license potential and to aid maiden exploration planning. Discussions have already commenced with third parties with a view to joint venture and earn-in into the newly acquired exploration licences.
Contact:
Tel: +44 20 7796 8644
Notes to Editors
In addition to progressing and developing its portfolio of assets the Company continues to review new potential projects to add to the existing portfolio.
Competent Person's Statement
The information in this report which relates to Exploration Targets, Exploration Results and Mineral Resources or Ore Reserves is based on information compiled by Mr
Glossary: Basalt - Basalt is a dark-coloured, fine-grained, volcanic rock composed mainly of plagioclase and pyroxene minerals. It most commonly forms as an extrusive rock, such as a lava flow, but can also form in small intrusive bodies, such as an igneous dike or a thin sill
Ultramafic - a type of igneous rock with a very low silica content and rich in minerals such as hypersthene, augite, and olivine.
Mafic - a type of igneous rock having solidified from lava or magma
Gneiss - Gneiss is a common and widely distributed type of metamorphic rock
Differentiation - Different rock compositions within a larger rock unit due to cooling processes during formation of the overall rock unit
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